fundamentals and remove the give and take of real markets and this is
what you get — piles of taxpayer money going to “businesses” that are
simply shell games. It was only a matter of time before the mafia
figured out this was the easiest money ever.
This is the inevitable result
when one removes risk and an earned reward, profit, as subjected to the
intense pressures and competition of the free market system.
Public-private partnerships are the easiest ways to get private fingers into the public purse.
A true supply and demand
marketplace — tempered by the rule of law and an army of attorneys
seeking lawsuits — acts as a battering ram to keep businesses on the
straight and narrow.
billion set aside for clean energy projects by the EU until 2013 has
attracted the Mafia and other organised crime syndicates, especially in
Italy, Spain, Bulgaria and Central and Eastern Europe. Since 2007,
however, the sheer scale of the scams has escalated with developments of
wind farms in southern Italy – one of Europe’s least windy countries –
causing most concern. Many turbines have stood idle while, Kroll
maintains, some were never built at all. Sicily alone has seen an
explosion of wind projects, with more than 30 wind farms now dotting its
western hills – especially in the Mafia heartland of Corleone, made
famous by the Godfather films.”
As the line from The Godfather goes, “A lawyer with his briefcase can steal more than a hundred men with guns.” It’s obvious that, if you throw in a few Ph.D.s and a treaty or two, it’s possible to raid the treasuries of the developed world without ever firing a shot.
It is relatively easy to sue a
business when it steals your money. But it is impossible to sue
government over bad policy that simply hands hard-earned taxpayer
dollars to any “green” scheme out there. In Europe, taxpayers are
learning this the hard way.
I can only say one good thing
about all of this: at least the Mafiose will spend their ill-gotten
gains on goods and services, recycling all those dollars (taxed from
business earnings by big government) right back into — you guessed it
— the real free-market economy!
Call it a “green” stimulus plan, Godfather style!